Donald Trump’s crypto business, World Liberty Financial, brought its total crypto investments to nearly $45 million thanks to a buying spree in December.
In the last purchase, made on December 15, 2024, the company acquired Ondo (ONDO) for a value of $250,000.
According to Arkham Intelligence data and blockchain monitoring platform Lookonchain, World Liberty Financial’s portfolio acquired $30 million in Ether (ETH). He also has $10 million in Coinbase Wrapped Bitcoin (cbBTC), along with a series of small purchases, since November 30, 2024.
These include $2 million each in Chainlink (LINK) and Aave (AAVE), as well as $500,000 in Ethena (ENA) the day before the ONDO purchase. Most recent transaction takes his total monthly crypto purchases at $44.75 million.
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World Liberty struggles to meet funding goals
World Liberty Financial, launched in September, presents itself as a decentralized finance (DeFi) trading platform. Notably, President-elect Trump is listed as its “leading crypto advocate.” Meanwhile, Trump’s sons Donald Jr, Eric and Barron are identified as “ambassadors”.
A company linked to the Trump family is entitled to 75% of the project’s net revenue.
Nicolai Søndergaard, research analyst at Nansen, told Bloomberg that these acquisitions could aim to “gain additional trust or boost the project” by highlighting specific tokens. The strategy could attract investors and drive growth for the World Liberty platform.
Trump’s Global Freedom (@worldlibertyfi) spent $250,000 $USDC buy 134 216 $ONDO 2 hours ago.
Since November 30, #FreedomWorld spent:
30M $USDC buy 8 105 $ETH at $3,701;
10M $USDC buy 103 $cbBTC at $97,181;
2M $USDC buy 78 387 $LINK at $25.5;
2M $USDC buy 6 137 $AAVE has… pic.twitter.com/0EVPCgMdMW– Lookonchain (@lookonchain) December 16, 2024
Despite its aggressive buying spree, the project struggled to meet its funding goals.
World Liberty Financial aimed to sell $300 million worth of its native token, World Liberty Financial (WLFI). But, so far it sold less than 25% of this amount.
The project received a major boost last month when Tron blockchain founder Justin Sun purchased $30 million worth of WLFI tokens, becoming its largest investor. Sun was later named project advisor.
On December 13, 2024, World Liberty Financial’s influence expanded with AaveDAO, the decentralized governance body behind the DeFi Aave protocol. He approved the proposal to launch a custom instance of the Aave protocol.
The initiative will allow users to borrow and lend assets such as Ether, Wrapped Bitcoin (WBTC), USD Coin (USDC), and Tether (USDT). The proposal also grants AaveDAO 20% of the fees generated on the platform, as well as 7% of the total WLFI token supply, valued at $21 million.
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Trump appoints pro-crypto people to key positions
Trump has recently proposed actions such as firing SEC Chairman Gary Gensler and releasing Silk Road founder Ross Ulbricht.
Additionally, Trump named David Sachspodcaster, as “Crypto Tsar” in his office. He also pledged to make America the “crypto capital of the world” through initiatives such as World Liberty’s lending and borrowing platform.
Furthermore, he selected Paul Atkinscrypto advocate and former SEC commissioner, as his choice to lead the SEC.
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The article Trump’s World Liberty Financial on $45 Million Crypto Buying Spree, Adds $250,000 to ONDO appeared first on 99Bitcoins.
